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Strategies & Market Trends : Market Trends & Market Chatter (Investment Ideas)

TIGR 10.92

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Nov 3 3:59 PM EST

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toccodolce

To: Fintas who wrote (3509)

1/30/2019 11:50:00 AM

From: Fintas

1 Recommendation of 4369

Nugt RSI. I tagged it to the chart I previously put up so any interested could see how the recent selling caused the RSI to roll over and also create an opportunity to btd in Nugt and now this latest move up has now turned those O's to X's and is setting up for the push UP as GOLD continues UP. THE BIGGER picture to understand all of this would be understanding that GOLD Continuous RSI chart I've been putting up that has been in X's for well over a year thru the ups and downs and that simply screamed the BOTTOM was in for GOLD at 1045. I realize some disagreed. OH well.

BUT here and now the RSI is at 4.1. IT takes but what % to get to that next X. And then it takes what % to get to the area of resistance. That's the Possible % for THIS move. And as we know NUGT is a 3X. SO

Now keep in mind that move into that 19 ish was a nice % move so there will always be those who just want that fast profit. There's nothing wrong with PROFITS. But those who though or suggested NUGT was dead left a bunch on the table off it's lows.

Understanding the RSI and the BIGGER picture re GOLD well helped to understand when to SELL GOLD and SHIFT TO DUST way back when.. And BUY GOLD and shift to NUGT back in 2015.

TIS A GAME and understanding the data does help. IMO AND this one's for YOU TOCO. You are a great cyber friend: Kind, loyal/ generous with your time as you pass me many informative articles on many topics and honest is your middle name. IMO

Fintas